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Thursday, December 6, 2012
Very mercenaryOxfam’s Gawain Kripke writes that the founder of private military company Blackwater, “which has been renamed several times, trying to escape the stench of scandal and atrocity,” has turned himself into an investment advisor:“From a comfortable perch in Abu Dhabi (no extradition treaty with the US), [Erik] Prince now raises funds and advises clients on the wonderful investment opportunities in Africa. He claims he’s raised $100 million and is shooting (err) for $400 million more. His new company, Frontier Resource Group (motto: fortuna audaces iuvat or fortune favors the bold) offers support for investors mixed with ‘security and logistical capacity’.Ever the bottom dweller, Prince has focused his efforts on some of the more problematic investments (natural resources extraction), and problematic countries; DRC, Guinea, and South Sudan. Which should be appealing to problematic investors (based in Hong Kong).”
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